Singapore’s Nium, a cross-border payments platform, has postponed its anticipated US initial public offering (IPO), shifting the timeline by more than a year to the end of 2026.
Bloomberg reports that this allows Nium to focus on expanding its operations and strengthening its leadership, as revealed by co-founder and CEO Prajit Nanu.
Originally slated for the second quarter of 2025, the decision to delay the IPO came after the company struggled to secure a new chief financial officer (CFO), a process Nanu described as challenging.
With the appointment of Andre Mancl as CFO, Nium is now better positioned to refine its growth strategy before entering public markets.
Mancl, who previously served as CFO of the food booking platform ChowNow, brings extensive experience in corporate development and investor relations.
His background includes time at Credit Suisse, where he helped facilitate major transactions for companies such as Lyft, Meta Platforms, and GoDaddy.
At Nium, he will lead efforts to drive corporate planning and oversee investor relations as the company gears up for its future IPO.
Nium, whose investors include Singapore’s sovereign wealth fund GIC and Temasek Holdings, reported a 50% rise in revenue last year, bringing its total to US$120 million.
The company is focused on continuing this momentum, with expansion efforts targeted at markets in the UK and Latin America.
Despite a lower current valuation of US$1.4 billion—a 30% decrease from its previous peak—Nium remains well-capitalized following a US$50 million fundraising round led by Brunei’s sovereign wealth fund in June.
The company intends to use these funds for further acquisitions in the real-time payments space.
Recent acquisitions, including Ixaris in London and SoCash in Singapore, have strengthened Nium’s foothold in the payments industry.
Looking ahead, Nium plans to acquire one or two additional startups by year-end, with acquisition budgets ranging from US$40 million to US$50 million, Nanu disclosed.
With US$100 million in available cash, the company is poised to continue its expansion strategy.
Founded in 2014, Nium has grown into a global network with 950 employees spread across more than 25 offices.
The company’s software solutions enable businesses to manage online payments, send money, and issue both physical and virtual credit cards.
